HSBC ( HBC) bankers may be getting a share of a £1billion bonus pool in 2011, reported the United Kingdom daily The Sun on Feb. 1.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

The Sun said HSBC's new chairman Douglas Flint revealed the scale of planned bonus payouts under pressure from parliament members.

Furthermore, salaries for HSBC bankers were raised by £95 million last year, the report said. Flint revealed that some bankers saw their salaries double, according to The Sun.

The report said the chairman rejected notions that raises were implemented as a way to circumvent the disputes on big bonuses at bank.

The daily noted that HSBC has never accepted any government bailouts.

However, the bank has benefited from government support of the financial sector, the report said.

If you liked this article you might like

BlackRock to Pay Costs of External Research Per New EU Rules

Big Companies Say They Favor Diversity, Most Refuse to Prove It

China Communist Party Has Just Become Besties With Hong Kong

Hong Kong Investors Now Have a Comrade Shareholder: the Communist Party

What Mutual Fund Mark-Downs Say About Uber